Pensions,wages,social support payments,tax brackets,and other dollar values are adjusted by the percentage equal to,or related to,the rate of inflation.Such adjusting is called
A) indexation.
B) deflation.
C) price weighting.
D) inflationary reconciliation.

Question

Quizplus · Accepted Answer

Adjusting dollar values by the percentage equal to, or related to, the rate of inflation is called indexation. This is done to make sure that the value of the money remains the same over time and does not decrease due to inflation.

Pensions,wages,social Support Payments,tax Brackets,and Other Dollar Values Are Adjusted by the Percentage